Audio By Carbonatix
Fears that the country’s gas infrastructure project at Atuabo could suffer further delays, have been allayed as the Chinese contractor, SINOPEC is expected to resume work Thursday 2nd May.
The Chinese petrochemical firm, Sinopec International Petroleum Service Corporation, abandoned the project at Atuabo in the Western Region because of nonpayment of funds to pre-finance the project.
There have been concerns this could further delay the project because it would only compel the Jubilee operators to flare gas which would negatively affect the country’s oil production.
There are serious concerns about the environmental implications of the process of flaring gas.
Ghana has decided to uphold high levels of environmental standards and hence analysts think the practice could be bad for Ghana’s environmental standards.
But the Communications Consultant at the Energy Ministry, Edward Bawa told Joy Business government has reached a mutual agreement with SINOPEC that should see the work on the project recommence today, May 2, 2013.
Mr. Bawa said the Attorney-General’s department and the Ministry of Finance with their China Development Bank (CDB) counterpart have been able to reach an agreement with the contractor for work to continue.
According to Mr. Bawa, SINOPEC has agreed to stay back and work.
The project when completed will treat raw gas from the FPSO Kwame Nkrumah to the fuel grade for power plants to boost the nation’s electricity supply by 1,000 megawatts and produce valuable by-products such as liquefied petroleum gas (LPG) and condensate translate in an additional income of approximately US$ 300 million per year for the country.
The $700 million Gas infrastructure project is being funded from the $3 billion loan from the China Development Bank (CDB) which is currently delaying.
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Tags:
DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
Latest Stories
-
Gov’t invests GH¢443m in Free Primary Health Care – Dr Asare Bampoe
26 minutes -
ECG announces power outages in parts of Accra West and Central regions
45 minutes -
Otumfuo calls for urgent action to end maternal deaths in Ghana
47 minutes -
Prioritise Bawumia’s interest and vote on merit – NPP elder urges delegates
48 minutes -
Jason Arday death ‘tragedy on so many levels’ says PM
2 hours -
Rotary Club donates phototherapy machine to Ussher Hospital
2 hours -
Analysis: Jason Arday’s death will send shockwaves through a divided academia
2 hours -
CJ’s vacation warrants not limited to politically sensitive cases – Victoria Bright
3 hours -
Parts of Accra to experience power interruption on Sunday for emergency GRIDCo tower restoration
3 hours -
Dafeamekpor defends Ayine’s handling of Aksa case, faults past AGs
4 hours -
Luv FM High School Debate: Afigyaman, OKESS seal Round of 16 spots in style
4 hours -
Dafeamekpor urges Parliament to stay out of Aksa probe, backs expert-led inquiry
4 hours -
The rise and rise of Azigi
4 hours -
Is Angela List being targeted? Government must reconsider the Adamus revocation
4 hours -
Bezos-backed consortium buys a third of Liverpool
4 hours